Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Honestly, I see nothing even remotely close to a W pattern on either. A W pattern has distinct ups and downs to form the pattern, not curved trading that can loosely form a W (and that's assuming pricing on DUST goes higher from here to form the right side of the W I presume you are looking at???).

Also, GDX is hovering right at the 200 SMA on the 15 minute right now (22.93)...which is why pricing is bouncing up and down around it. I'm guessing we likely close somewhere very close to this level for Opex today (I thought it was yesterday due to long weekend, but apparently not). There is a gap on the 15 minute down to the 22.77 Citrati pointed out earlier.